Condo-Hotel Unit Near
For Sale
$75,000
2930 POLYNESIAN ISLE Blvd 107, Kissimmee, FL 34746
First-floor condo-hotel unit in Kissimmee, near attractions and highways.
Property Size300 SF
Days on Market172
Property Features for 2930 POLYNESIAN ISLE Blvd 107
General Information
Standard status
Active
Size
300 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,107
Building Details
Building Size
300 SF
Year Built
1984
Stories
2
Listed By:
Gabby Lara · License #3379052
(786) 757-3852
Source:
Elliman
Added: Apr 9
Changed: Aug 8
Last Checked: Aug 8 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gabby Lara
Investment Insights
Based on property information with market context.
This first-floor condo-hotel unit is located in a prime Kissimmee location, offering convenient access to major attractions, shopping, dining, and main highways. Its first-floor location provides exceptional convenience and accessibility. The property is suitable for those looking to own a place in Orlando for personal use while also benefiting from rental income potential. On-site amenities include a pool, fitness center, parking, and maintained common areas. The adjacent unit is also available, presenting an opportunity to own two side-by-side units.
Key Highlights
- Prime Kissimmee location, minutes from attractions, shopping, dining, and highways.
- First‑floor unit offers exceptional convenience and accessibility.
- Rental income potential for investors.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,309
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$46,180
$46.2K
Cap Rate 7%
$32,986
$33.0K
Cap Rate 9%
$25,656
$25.7K
Market Conditions
NOI Build-Up for 300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$5.4K $18.00/SF
− Vacancy
−$540 −$1.80/SF
EGI
$4.9K $16.20/SF
− OpEx
−$2.6K −$8.51/SF
NOI
$2.3K $7.69/SF
Area
Osceola County, FL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$46,180
Cap Rate 7%
$32,986
Cap Rate 9%
$25,656
Alternative Uses
Best Use
Hotel Hospitality
$33.0K
$28.9K – $38.5K
NOI $2,309 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$92.8K
$81.2K – $108.2K
NOI $6,494 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 34746, FL
56,344
Population
25,533
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
87%
High-School Grad
44.0 sq mi
ZIP Area
1,281
Density / Sq Mi
$67,677
Median Household Income
$33,592
Median Earnings
$1,793
Median Rent
$328,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - First-floor condo-hotel unit in Kissimmee, near attractions and highways.
Where is this hotel located?
The property is located at 2930 POLYNESIAN ISLE Blvd 107 Kissimmee, FL.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Prime Kissimmee location, minutes from attractions, shopping, dining, and highways.; First‑floor unit offers exceptional convenience and accessibility.; Rental income potential for investors.
